South Korean Won Gains on Dollar & Euro

The South Korean won gained against the US dollar and the euro during the current trading session with the help of domestic fundamentals that were relatively supportive to the currency.

The Consumer Confidence decreased slightly to 103 in December from 106 in November, but remained in positive territory for the fifth month. South Korean GDP received a positive revision for its growth in third quarter both from the previous quarter and from the previous year. As a result, the won managed to beat some major currencies, including the dollar and the euro.

USD/KRW fell from 1,173.60 to 1,168.55 as of 14:38 GMT today. EUR/KRW was down from 1,282.00 to 1,279.60.

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